Advertisement


Gst Council
Business  /  Published 29.11.21

3-rate recipe for revenue neutral GST

The GST rate structure could be simplified without much loss of revenue by having three slabs — 8 per cent, 15 per cent and 30 per cent, a government think tank said. The study by the National ...
By R. Suryamurthy in New Delhi

Business  /  Published 15.11.21

GST meet to focus on rate rejig

The next GST Council meeting in December will focus on the rationalisation of the multiple rate slabs and ways to raise revenues as the deadline to end compensation to states looms. The council&rsquo...
By R. Suryamurthy in New Delhi

Business  /  Published 06.11.21

Govt begins review of tax exemptions

The Centre has sought suggestions on possible changes in direct and indirect taxes from trade and industry bodies with the objective of broadening the tax base, while reducing the rates in the next bu...
By Our Special Correspondent in New Delhi

Business  /  Published 08.10.21

States get Rs 40,000-cr GST dues

The finance ministry on Thursday released Rs 40,000 crore to states and Union territories to compensate them for the shortfall in GST revenues, taking the total amount released as loan so far this fis...
By Our Special Correspondent in New Delhi

Business  /  Published 04.10.21

Retrospective tax row in mining

The decision to retrospectively raise the GST rates on royalty for mineral exploration and licence fees for mining rights is expected to face  a legal challenge. The GST Council has proposed to ...
By R. Suryamurthy in New Delhi

Advertisement

Business  /  Published 28.09.21

2-member panel set up on GST rejig

The finance ministry has set up two committees of state finance ministers which would rework rate slabs, review GST exempt items and identify potential evasion sources. Four years after the rollout o...
By Our Special Correspondent in New Delhi

Business  /  Published 27.09.21

Revenue-neutral GST on menu

Finance ministry officials have said increasing the average goods and services tax rate closer to the revenue neutral rate of about 15 per cent would help the states in getting more revenue and reduce...
By R. Suryamurthy in New Delhi

Business  /  Published 24.09.21

Garment firms fear GST rejig

Garment prices for items below Rs 1,000 may go up 7 per cent if the government proceeds to redress the inverted duty structure in that segment. GST rates on yarn in the category of man-made fibre at ...
By Pinak Ghosh in Calcutta

Business  /  Published 19.09.21

More states want cess extended

The clamour for compensation to states beyond June 2022 grew louder on Saturday with Kerala finance minister K.N. Balagopal saying the financial situation of the state would be deeply impacted if the ...
By R. Suryamurthy in New Delhi

Business  /  Published 19.09.21

Stricter rules for GST filing

Businesses that default on filing summary return and paying monthly GST will not be able to file GSTR-1 sales return of the succeeding month from January 1 next year. The GST Council in its Lucknow m...
By PTI in New Delhi


Advertisement

Download our latest App

to get update on the go...

Advertisement

Advertisement
 
Copyright © 2020 The Telegraph. All rights reserved.